Colorado HELOC To Maximize Retirement Savings, Pay Off Mortgage Quickly Launched
Paidoff™ (303-870-8337) is now offering Colorado homeowners unique new HELOC options that will allow them to maximize their retirement savings while paying off their mortgage faster than a conventional mortgage.
Paidoff™ announced its early mortgage payoff program that is structured around a first-position HELOC to help Colorado borrowers enjoy greater repayment flexibility. Unlike traditional bank mortgages or standard HELOCs, the new equity system allows a homeowner to simultaneously put more money down on their mortgage while also using their equity to invest more.
More information is available at http://thepaidoff.com
The driving principle behind Paidoff™’s new HELOC options is that homeowners are paying much more interest than they need to be and getting saddled with debt for longer than they need to be.
That’s why, with their innovative HELOC options, they have created The Much Faster Formula©. Through this formula, homeowners can pay off their mortgage more quickly in a way that also aligns with their long-term financial plan.
While typical mortgages are currently charging high rates of compound interest—between 6.7% and 7.3% on average—and limit or penalize additional payments, Paidoff™ is flexible and charges less interest.
As a spokesperson for the HELOC pioneers explained, “The three pillars of The Much Faster Formula© are: Firstly, that every payment you make goes to the principal first, not interest. Secondly, you only pay simple interest, not compound interest, which further accelerates your payoff and keeps your balance much lower. Finally, you have total flexibility and complete control over how often and how many payments you want to make.”
The goal of their HELOC options is also to help homeowners take the equity they have in their home and use it as a financial stepping stone to further investment in a property portfolio or their retirement investment funds.
More information on The Much Faster Formula© can be found at https://www.thepaidoff.com/paidoff-formula/
About Paidoff™
Paidoff was founded by Irina Saviliev, The Mortgage Breaker, who is on a mission to change the way homeowners in the State of Colorado think about equity; showing them how they can use it to both their short-term and long-term financial advantage.
As Paidoff™ believes in full transparency, they encourage interested homeowners to read their testimonials online and to find out how their HELOC options compare to other fast payment strategies like making biweekly payments on a traditional mortgage.
For more information, visit https://www.thepaidoff.com/how-does-paidoff-compare-to-bi-weekly-payments/
NBC News WARL Raleigh, North Carolina